Bitcoin vrs Ethereum

I want to share this post so people can know the principal differences between the two most popular cryptocurrencies in the market now.

1. Ethereum has a smarter blockchain

Ethereum has a different blockchain, with a programming language that allows users to create smart contracts. You can set different parameters or requirements and contract will when the criteria is met. Meanwhile bitcoin can only send and receive money.

1. Mining

Both currencies require a considerable investment amount when starting, But Ethereum encourages more independent miners, with the difference in Bitcoin where you need a large investment in ASIC miners.

1. Confirmation time

Bitcoin transaction takes up to 1 hour for full confirmation, and Ethereum take an average of 3 minutes, this is a lot of difference.

1. Ethereum was Crowd Funded

Ethereum was crowd funded. Bitcoin was realeased. What does this means? Early miners in bitcoin owns a lot of bitcoin that will never be mined.

1. Scale Solutions

Ethereum does not have a block limit, instead of that it uses a dynamic gas limites, so it can scale much easier than bitcoin. And thats a big problem bitcoin will face if miners dont find a solution fast. Segwit seems to be good for now

Everyone has its favorite currency, between these two, my personal choice is Ethereum.

There are more differences but hope this can give you a clearer of the differences between these two coins.

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